Cordé Électrique receives $700K from federal government to boost mfg. growth

MARICOURT — On Mar. 8, Élisabeth Brière, Member of Parliament for Sherbrooke and Parliamentary Secretary to the Minister of Families, Children and Social Development and to the Minister of Mental Health and Addictions and Associate Minister of Health, announced a repayable contribution of $700,000 for Cordé Électrique Inc., an SME led by a woman entrepreneur recognized in the region for her spirit of initiative and leadership. This CED support will enable Cordé Électrique to acquire new automated equipment to improve its productivity and ensure its expansion, a major turning point for the business.

Founded in 2010 by Lise Déziel, Cordé Électrique is a business specializing in the production of customized electrical harnesses. For several years now, the manufacturing SME has struggled to meet demand, this despite several investments in its fleet of equipment. Growth at the business is thus being hindered by insufficient production capacity. To remain a supplier of choice, the SME must therefore increase its production capacity and productivity. CED’s financial assistance will thus enable the business to acquire automated equipment for cutting, crimping, and stripping, as well as computer equipment.

“SMEs are essential drivers of our economy and our communities, and I am delighted with the announcement of CED’s support on this International Women’s Day. Cordé Électrique, a thriving woman-owned business, is an important employer for the region. The success and spin‑offs of its project to acquire equipment will undoubtedly contribute to the economic vitality of Val‑Saint‑François and the entire Cantons‑de‑l’Est region,” said Élisabeth Brière, Member of Parliament for Sherbrooke and Parliamentary Secretary to the Minister of Families, Children and Social Development.